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Credibility, Debt and Unemployment: Ireland's Failed Stabilization

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NBER1988-12-01 更新2025-01-04 收录
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Can the credibility of a stabilization plan affect the output costs of disinflation? The new classical economics has asserted this possibility, but little evidence has been brought forward. This paper analyzes the stabilization program of Ireland in the l980s against the background of the new

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1988-12-01
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